Sunbelt BTR Insights | ROAD to Housing Act

About Sunbelt BTR Insights | ROAD to Housing Act

The Cushman & Wakefield Sunbelt BTR Team is pleased to present “ROAD to Housing Act | What’s Next”, an in-depth internal analysis on the 21st Century ROAD to Housing Act targeting institutional ownership of single-family homes. With bicameral legislation reached in Congress and the finalized bill heading to the Oval Office, the United States is at the doorstep of major housing reform which hasn’t been achieved in nearly four decades.

This legislation carries significant implications for the rental market — particularly within the Build-to-Rent (BTR) and Single-Family Rental (SFR) sectors. After 90 days of uncertainty, the market now has clarity on the long-awaited definitions of "Single-Family Home" and "Large Institutional Investor”. This document examines four key areas: (1) background and context, (2) interpretation and application of the bill's language, (3) real-time market data from the past 90 days, and (4) outlook and expectations for these sectors going forward.

Key Themes:

• Green Light for Build-to-Rent market with removal of 7-Year Forced Sale clause
• Continued Capital Flow and Tenant Demand coming from SFR sector
• Enhanced focus on Product Type going forward on both Development and Acquisition fronts
• Potential lingering Legislative Sensitivity